The aim of this course, as it relates to aviation flight crews, technicians and managers, is to reduce errors and their associated costs, create a corporate culture conducive to human error prevention and to develop realistic and immediate safety nets.

Attend the NBAA Single-Pilot Safety Standdown October 21 in Las Vegas, NV, to learn key methods, techniques and resources to go beyond mere proficiency and take you on the path to mastery of your business aircraft.

Ranked as one of the largest trade shows in the United States, the 2019 NBAA Business Aviation Convention & Exhibition will bring together current and prospective aircraft owners, manufacturers and customers into one meeting place to get critical work accomplished.

Join NBAA for its fifth annual National Safety Forum on October 24 in Las Vegas, NV. This premier business aviation event will focus on the pursuit of excellence in airmanship while operating in our ever more automated world.

NBAA’s West Palm Beach Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on Jan. 29, 2020 at Palm Beach International Airport (PBI).

Expand your leadership skills at the 2020 Leadership Conference, held Feb. 24-26 in Orlando. Offering two days of captivating sessions and numerous networking opportunities, you are sure to be inspired and ready to succeed.

NBAA’s San Jose Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on March 5, 2020 at San Jose International Airport (SJC).

Whether you plan to stay up-to-date on the latest operational information critical to your job function or discover a new vendor or supplier in the growing exhibit hall, you’ll want to make plans to attend SDC2020.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

As the premier business aviation event in Asia, ABACE brings together thousands of business aviation leaders, entrepreneurs and other purchase decision-makers. ABACE2020 is the perfect venue for investors considering aviation as a business opportunity, companies thinking of using an aircraft for business, and flight departments who have long used aircraft as a valuable business tool.

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

From education led by industry experts to critical peer-to-peer networking, NBAA’s Maintenance Conference held in Hartford, CT from May 5 to 7, 2020, is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

Join us at NBAA’s 2020 Security Conference, where you can raise the level of best practices for business aviation security through scenario-based problem solving and provide real-life content from experienced operators and security experts.

Hosted jointly by EBAA and NBAA, EBACE2020 is the perfect venue in Europe for companies who want to showcase their aviation products and services, meet qualified buyers and get critical business done for the year ahead.

NBAA’s White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on June 10, 2020 at Westchester County Airport (HPN).

Ranked as one of the largest trade shows in the United States, the 2020 NBAA-BACE will bring together current and prospective aircraft owners, manufacturers and customers into one meeting place to get critical work accomplished.

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

Expand your leadership skills at the 2020 Leadership Conference, held Feb. 24-26 in Orlando. Offering two days of captivating sessions and numerous networking opportunities, you are sure to be inspired and ready to succeed.

Whether you plan to stay up-to-date on the latest operational information critical to your job function or discover a new vendor or supplier in the growing exhibit hall, you’ll want to make plans to attend SDC2020.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

This is a can’t-miss event that will help you elevate the safety, security and service aspects of your operations. Through interactive education sessions and critical peer-to-peer networking, you’ll walk away from this three-day event with immediate actionable items to take back to your team.

From education led by industry experts to critical peer-to-peer networking, NBAA’s Maintenance Conference held in Hartford, CT from May 5 to 7, 2020, is the best place for event for ALL maintenance professionals, from directors of maintenance to maintenance technicians, to learn current best practices.

Join us at NBAA’s 2020 Security Conference, where you can raise the level of best practices for business aviation security through scenario-based problem solving and provide real-life content from experienced operators and security experts.

NBAA’s West Palm Beach Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on Jan. 29, 2020 at Palm Beach International Airport (PBI).

NBAA’s San Jose Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on March 5, 2020 at San Jose International Airport (SJC).

NBAA’s White Plains Regional Forum will bring current and prospective business aircraft owners, operators, manufacturers, customers and other industry personnel together for a one-day event on June 10, 2020 at Westchester County Airport (HPN).

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

Hosted jointly by EBAA and NBAA, EBACE2020 is the perfect venue in Europe for companies who want to showcase their aviation products and services, meet qualified buyers and get critical business done for the year ahead.

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

From regional reviews to customs updates, the 2020 International Operators Conference is the best opportunity to stay up to date on the critical information you need to do your job as safely and securely as possible.

Hosted jointly by EBAA and NBAA, EBACE2020 is the perfect venue in Europe for companies who want to showcase their aviation products and services, meet qualified buyers and get critical business done for the year ahead.

Thousands of business leaders, government officials, manufacturers, flight department personnel and all manner of people involved in nearly every aspect of business aviation will meet to conduct business and make buying decisions for the year ahead.

Fractional Ownership

Background & Rulemaking

Fractional ownership operations began in 1986 with the creation of a program that offered aircraft owners increased flexibility in the ownership and operation of aircraft. This program used current aircraft acquisition concepts, including shared or joint aircraft ownership, and provided for the management of the aircraft by an aircraft management company.

The aircraft owners participating in the program agreed not only to share their own aircraft with others having a shared interest in that aircraft, but also to lease their aircraft to other owners in the program (dry lease exchange program). The aircraft owners used the common management company to provide aviation management services including maintenance of the aircraft, pilot training and assignment, and administration of the leasing of the aircraft among the owners.

During the 1990’s the growth of fractional ownership programs was substantial and this growth is expected to continue. As these programs grew in size, complexity and number, there was considerable controversy within the aviation community as to their appropriate regulatory structure. Additionally, the FAA had evolving concerns regarding issues of accountability and responsibility for compliance (operational control).

The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated October 6, 1999. The objective of the FOARC was to “propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs.” On February 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking.

News

Amidst a turbulent economy, the nation’s fractional jet market has made a turn toward what appears to be a period of sustained growth, according to several sources. A continuing focus on “value” has been key in driving that growth, and fractional operators have been responding with a variety of programs and add-on benefits to enhance the value proposition of the fractional model for business aircraft use. Learn more.

Regulatory History

FAA Amends Regulatory Compliance Date for Fractional Operations

On December 14, 2004 the FAA issued a notice that corrects the date by which all fractional operations must be in compliance with FAR Part 91, Subpart K. NBAA was expecting the correction that changes an incorrect December 17, 2004, compliance date to February 17, 2005. All fractional operations will be in compliance with the new rule by the February 2005 deadline.

The FAA created the Fractional Ownership Aviation Rulemaking Committee through an order dated October 6, 1999. The objective of the FOARC was to “propose such revisions to the Federal Aviation Regulations and associated guidance material as may be appropriate with respect to fractional ownership programs.” On February 23, 2000, the FOARC presented its recommendations to the FAA in the format of a Notice of Proposed Rulemaking. More.

Related Links

Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful.